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DSS, Inc. - DSS STOCK NEWS

Welcome to our dedicated page for DSS news (Ticker: DSS), a resource for investors and traders seeking the latest updates and insights on DSS stock.

DSS, Inc. (NYSE American: DSS) is a multinational conglomerate with a diversified business portfolio encompassing nine distinct divisions: Product Packaging, Biotechnology, Consumer Marketing, Commercial Lending, Securities and Investment Management, Alternative Trading, Secure Living, Digital Transformation, and Alternative Energy. Established over 25 years ago, DSS has a long-standing reputation in anti-counterfeit, authentication, and diversion protection technologies, offering custom solutions to safeguard against product diversion, counterfeit, theft, and other costly occurrences. Their innovative technologies, backed by numerous patents, are utilized by corporations, governments, and financial institutions worldwide.

Recently, DSS has focused on expanding its value through strategic acquisitions and periodic IPO spinoffs. Under the leadership of Frank Heuszel, DSS has built a diversified portfolio aimed at driving profitability and growth. Notable subsidiaries include DSS Wealth Management, which advises the AmericaFirst Quantitative Funds, and Premier Packaging, specializing in innovative fiber-based packaging solutions.

In recent developments, DSS appointed Jim Monaghan as Chief Operating Officer and Chief Compliance Officer, and Michael Cheah as Portfolio Manager & Head of Fixed Income at DSS Wealth Management. Both additions bring over 30 years of industry experience and are expected to enhance DSS's investment strategies and compliance standards. Moreover, DSS is preparing for the IPO of its subsidiary, Impact Biomedical, which promises to reinforce the company's growth trajectory.

DSS's recent accomplishments include a successful legal defense of their ‘040 patent in the Federal Circuit Court against Nichia Corp., further solidifying their strong IP portfolio. Additionally, Chairman Heng Fai Ambrose Chan's recent acquisition of 672,173 shares underscores his confidence in DSS's strategic direction and market potential.

For continuous updates and more detailed information, visit the official website at www.dssworld.com and follow their latest news and developments on Twitter at @docsecuritysys and @authentisuite.

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DSS, Inc. (NYSE American: DSS) celebrates the successful IPO of Impact BioMedical Inc. (NYSE American: IBO), a company focused on healthcare and wellness solutions. The IPO was priced at $3.00 per share for 1,500,000 shares, with trading beginning on September 16, 2024 on the NYSE American Market. This milestone enhances shareholder value for DSS investors.

Key points:

  • DSS distributed 4 shares of Impact BioMedical for every 1 DSS share held on July 10, 2023
  • Underwriters received warrants to purchase up to 75,000 shares (or 86,250 if over-allotment is exercised)
  • Warrants are exercisable at 125% of IPO price from 9 months after offering until the 3rd anniversary

Jason Grady, Interim CEO of DSS, expressed pride in Impact BioMedical's success and its alignment with DSS's commitment to shareholder returns.

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AmericaFirst Funds, a subsidiary of DSS, Inc. (NYSE American: DSS), announced changes to its Board of Trustees. Three independent directors resigned on August 9, 2024, and three new directors were elected by shareholder proxy vote: Dr. Prabir Datta, Darryl Robinson, and Mark Gronet.

The new directors bring extensive experience in asset management, risk management, investment operations, and sales. Dr. Datta has a background in finance and operations, Robinson is a real estate industry veteran, and Gronet has expertise in institutional sales and human resources. These appointments aim to enhance the Trust's expertise and support its growth and success in the evolving investment landscape.

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DSS, Inc. (NYSE American: DSS) has appointed Jason Grady as Interim CEO, effective August 23, 2024. Grady, previously COO, succeeds Frank D. Heuszel, who is transitioning to a leadership role at Impact Biomedical, a former DSS subsidiary. With over 25 years of executive experience, Grady has held key positions within DSS, including CEO of DSS Biohealth Holdings and President of Premier Packaging

Grady aims to lead DSS into its next growth phase, focusing on operational efficiency, revenue generation, and reducing cash burn. He acknowledges past challenges and is committed to enhancing shareholder value. This leadership change marks a pivotal moment for DSS as it navigates the evolving business landscape and strives to turn challenges into opportunities.

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Impact Biomedical Inc. announces the issuance of a U.S. patent for its Laetose™ technology platform, demonstrating potential in reducing caloric intake and glycemic index in foods, while also inhibiting TNF-α, a cytokine associated with inflammatory chronic diseases. The patented formulation consists of sugars and myo-inositol, with potential applications in therapeutic administration to reduce or limit inflammatory or metabolic diseases such as diabetes. The market impact is significant, with potential applications in the US Inflammatory Disease Treatment Market, US Diabetes Treatment Market, and US Refined Sugar Production Market, all showing substantial growth projections. Impact Biomedical is accelerating discussions with potential licensing and development partners to move Laetose™ rapidly towards the market in the US and other countries worldwide.
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DSS, Inc. (NYSE American: DSS) Chairman of the Board, Heng Fai Ambrose Chan, has added 672,173 shares to increase his investment in the company. This move is aimed at bolstering shareholder confidence and reflects Chairman Chan's commitment to the company's growth. CEO Frank Heuszel expressed enthusiasm for the increased stake, viewing it as a strong vote of confidence in the company's strategic direction and future potential. The company's growth trajectory, particularly evident in its wholly-owned subsidiary, DSS Securities, Inc., and Premier Packaging, signals a promising outlook for 2024.
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DSS, Inc. (NYSE American: DSS) announces a 1-for-20 reverse stock split to address low price per share and maintain listing on the New York Stock Exchange American. The split will be effective on January 4, 2024, with the exact ratio to be determined by the CEO within a specified range, and trading on a post-split basis will begin on January 5, 2024. The split will not change the par value of the common stock and will affect all stockholders uniformly, except for holders of fractional shares who will receive one whole share in lieu of fractional shares. The company's transfer agent, Equiniti Trust Company, LLC, will facilitate the exchange of old stock certificates for new ones.
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DSS, Inc. (DSS) announces a contract extension with Premier Packaging, its subsidiary, for a minimum of $12 Million over three years, with a potential revenue of over $15 Million including a fourth year option. The company's strategic investments in production capacity have led to increased revenues and client satisfaction.
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DSS, Inc. (NYSE American: DSS) announced that the Court of Appeals for the Federal Circuit (CAFC) rejected Nichia Corp.'s challenge to U.S. Patent No. 6,879,040. The CAFC upheld the 2021 Inter Partes Review decision by the USPTO Patent Trial and Appeal Board, affirming the patent's validity. DSS, Inc. plans to pursue patent infringement damages against Nichia's LED product line.
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DSS Inc. (NYSE American: DSS) announced that Impact BioMedical Inc. filed a Form 8-K with the SEC, revealing a reverse stock split of its common stock by a ratio of 1 for 55. Additionally, DSS BioHealth Security, Inc. converted its common stock equity interest in Impact into Series A Convertible Preferred Stock, enhancing potential return for remaining Impact common stock equity holders.
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DSS, Inc. intends to cure the stock price deficiency and return to compliance with NYSE American standards. The company received a letter from the NYSE American stating that its securities have been selling for a low price per share for a substantial period of time. The company must effect a reverse stock split or demonstrate sustained price improvement by April 20, 2024.
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FAQ

What is the current stock price of DSS (DSS)?

The current stock price of DSS (DSS) is $0.8281 as of December 20, 2024.

What is the market cap of DSS (DSS)?

The market cap of DSS (DSS) is approximately 6.8M.

What does DSS, Inc. specialize in?

DSS, Inc. specializes in anti-counterfeit, authentication, and diversion protection technologies, offering custom solutions to protect against product diversion, counterfeit, and theft.

What are the key divisions of DSS, Inc.?

DSS, Inc. operates in nine key divisions: Product Packaging, Biotechnology, Consumer Marketing, Commercial Lending, Securities and Investment Management, Alternative Trading, Secure Living, Digital Transformation, and Alternative Energy.

Who are the recent key hires at DSS Wealth Management?

Jim Monaghan has been appointed as Chief Operating Officer and Chief Compliance Officer, and Michael Cheah as Portfolio Manager & Head of Fixed Income at DSS Wealth Management.

What are some recent achievements of DSS, Inc.?

Recent achievements include the successful defense of their ‘040 patent in the Federal Circuit Court and significant revenue growth in their Product Packaging division.

What is the significance of the Impact Biomedical IPO?

The Impact Biomedical IPO is expected to reinforce DSS's growth by allowing shareholders to benefit from the subsidiary's success while maintaining consolidated financials within DSS.

How does DSS, Inc. enhance shareholder value?

DSS enhances shareholder value through strategic acquisitions, periodic IPO spinoffs, and building a diversified portfolio across high-growth sectors.

How can I stay updated on DSS, Inc. news?

You can stay updated by visiting the official website at www.dssworld.com and following their Twitter handles @docsecuritysys and @authentisuite.

What makes DSS, Inc.'s Product Packaging division unique?

Premier Packaging, a subsidiary of DSS, specializes in innovative fiber-based packaging solutions, offering sustainable alternatives to traditional plastic packaging.

Who is the CEO of DSS, Inc.?

Frank Heuszel is the CEO of DSS, Inc.

What recent investment did Chairman Heng Fai Ambrose Chan make in DSS?

Chairman Heng Fai Ambrose Chan recently acquired an additional 672,173 shares of DSS in an open market transaction, signaling strong confidence in the company's strategic direction.

DSS, Inc.

NYSE:DSS

DSS Rankings

DSS Stock Data

6.78M
2.88M
59.28%
2.44%
0.16%
Packaging & Containers
Paperboard Containers & Boxes
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United States of America
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